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2018: The year of Insolvency & Bankruptcy Code resolutions

Updated : December 31, 2018 01:14:42 IST

According to the IBC data, about 1200 corporates have gone for insolvency resolution as of September 2018.  Of these, 118 cases have been closed on appeal or review, 52 have yielded resolution while 212 have resulted in liquidation.
Of the 12 large defaulters, only five have met resolution, which includes Vedanta buying Electrosteel Steels, Aion-JSW Steel wining Monnet Ispat bid, Tata Steel bagging Bhushan Steel while Lanco Infra is headed for liquidation.
Published : December 31, 2018 01:14 PM IST

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